Silver Price Crashes ₹4,000 To ₹1.98 Lakh/Kg In Delhi, Gold Falls ₹500 Amid Weak Global Bullion Markets
New Delhi, Oct 27: Silver prices tumbled below the Rs 2 lakh per kg mark for the first time in over 10 months in the national capital on Tuesday, and gold dropped Rs 500, as weakness in global bullion markets and a stronger dollar weighed on investors' sentiment. The white metal plunged Rs 4,000 to Rs 1.98 lakh per kilogram, inclusive of all taxes, its lowest level in 10 months, according to the…
New Delhi witnessed a significant drop in silver and gold prices for the first time in over 10 months, as weak global bullion markets and a stronger dollar impacted investor sentiment. Silver prices fell below Rs 2 lakh per kg for the first time in nearly a year, slumping Rs 4,000 to reach a lowest level of Rs 1.98 lakh per kilogram, inclusive of all taxes.
The white metal had previously closed at Rs 2.02 lakh per kg in the previous session. Gold prices also dropped by Rs 500, reaching Rs 1,45,800 per 10 grams, down from Monday's closing level of Rs 1,46,300 per 10 grams. The decline in gold prices was attributed to the strength of the dollar and ongoing weakness in international precious metal prices.
Commodity experts predict that domestic gold prices will remain volatile in the near term, with a range of Rs 1.40-1.44 lakh per 10 grams.
Written by urgent.news from Free Press Journal's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
